ADS - Alliance Data Systems EPS beats by $3.04 revenue in-line

Alliance Data Systems (ADS): Q1 GAAP EPS of $5.74 beats by $3.04.Revenue of $1.08B (-21.7% Y/Y) in-line.2021 outlook:  "We remain keenly focused on balancing growth and profitability to ensure the sustainable economics of our portfolio. In 2021, we expect our credit sales to increase at a high-single- to low-double-digit rate, with a net loss rate below 6% for the year and in the mid-to-upper 5% range in the second quarter of 2021," said Mr. Andretta. "Based on our current visibility, credit card and loan receivables at year-end 2021 are projected to be in line with year-end 2020 levels, although average receivables are expected to be down mid-single-digits for the year, reflecting year-over-year pressure in the first half of 2021. We expect to resume high-single-digit to low-double-digit card receivables growth as we enter 2022. Total revenue is anticipated to be down low-single-digits compared to 2020 as the impact from lower receivables

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Alliance Data Systems EPS beats by $3.04, revenue in-line